Madison Square Garden Entertainment (Madison Square Garden Entertainment) Interest Expense : $-56.6 Mil (TTM As of Dec. 2023)

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What is Madison Square Garden Entertainment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Madison Square Garden Entertainment's interest expense for the three months ended in Dec. 2023 was $ -15.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-56.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Madison Square Garden Entertainment's Operating Income for the three months ended in Dec. 2023 was $ 138.3 Mil. Madison Square Garden Entertainment's Interest Expense for the three months ended in Dec. 2023 was $ -15.0 Mil. Madison Square Garden Entertainment's Interest Coverage for the quarter that ended in Dec. 2023 was 9.19. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Madison Square Garden Entertainment Interest Expense Historical Data

The historical data trend for Madison Square Garden Entertainment's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Madison Square Garden Entertainment Interest Expense Chart

Madison Square Garden Entertainment Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.43

-33.74

-53.11

-51.87

Madison Square Garden Entertainment Quarterly Data
	Jun20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial						-13.21	-13.42	-13.81	-14.29	-15.05

Madison Square Garden Entertainment Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-56.6 Mil.

Madison Square Garden Entertainment (NYSE:MSGE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Madison Square Garden Entertainment's Interest Expense for the three months ended in Dec. 2023 was $-15.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $138.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $916.6 Mil.

Madison Square Garden Entertainment's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	138.311	/	-15.049
	=	9.19

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Madison Square Garden Entertainment Corp interest coverage is 2.08, which is low.

Madison Square Garden Entertainment (Madison Square Garden Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Madison Square Garden Entertainment Corp (NYSE:MSGE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Pennsylvania Plaza, New York, NY, USA, 10121

Website

https://www.msgentertainment.com

Madison Square Garden Entertainment Corp provides live entertainment, delivering unforgettable experiences while forging deep connections with diverse and passionate audiences. The company's portfolio includes a collection of world-renowned venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a broad array of sporting events, concerts, family shows, and special events for millions of guests annually. In addition, the company features the original production, the Christmas Spectacular Starring the Radio City Rockettes, which has been a holiday tradition for 89 years.

Executives

Madison Square Garden Entertainment Corp.	10 percent owner, other: See Remarks	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Thomas Charles Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Donna Coleman	director	2 PENNSYLVANIA PLAZA, NEW YORK NY 10121
Martin Bandier	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan	director	11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Charles P Dolan	director	2 PENN PLAZA, NEW YORK NY 10121
Ryan Thomas Dolan	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Paul Joseph Dolan	other: Trustee of 13(d) Group Member	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Mary S Dolan	other: Trustee of 13(d) Group Member	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Ryan Dolan 1989 Trust	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Tara Dolan 1989 Trust	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Kathleen M. Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Deborah Dolan-sweeney	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Thomas C. Dolan	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Charles F. Dolan Children Trust Fbo Marianne Dolan Weber	other: Member of 13(d) Group	BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112